Zinc Oxide Market Major Companies Operating in the Globally by 2026, Fortune Business Insights™
The global zinc
oxide market size is predicted to reach USD 6.36
billion by 2026, exhibiting a CAGR of 5.7% during the forecast period. The
increasing application of zinc oxide in the cosmetic and pharmaceutical
industry will contribute positively to the zinc oxide market growth during the
forecast period. The zinc oxide is a vital ingredient in the manufacturing of
foot powders, makeup, bath soaps, and baby lotions. Thus, the rising demand for
cosmetics products such as sunscreens, antiseptic ointments will accelerate the
zinc oxide market revenue. Moreover, the rising demand for calamine creams
owing to its properties to prevent sunburn, premature aging of the skin, along
with the protection of skin from UV lights, will also aid the development of
the market in the forthcoming years. Nonetheless, the rising emphasis on
skincare and skin protection will have a positive impact on the zinc oxide
market revenue.
According to
the report, published by Fortune Business Insights in a report, titled “Zinc
Oxide Market Size, Share & Industry Analysis, By Process (French / Indirect
Process, American / Direct Process, Wet Process, and Others), By Grade
(Standard, Chemical, Pharma, Food, and Others), By Application (Rubber,
Ceramic, Chemical, Agriculture, Paints & Coatings, Cosmetics &
Pharmaceuticals, and Others), and Regional Forecast, 2019-2026” the market size
stood at USD 4.10
billion in 2018. The report is aimed at delivering a comprehensive description
of the zinc oxide market dynamics and structure by identifying and providing
information regarding the key market segments. It also focuses on an
all-encompassing analysis of leading market players by financial position,
product, product portfolio, price, growth strategies, and regional presence. It
offers PORTER’s analysis and SWOT analysis to record the question of
shareholders and highlights the investment potential in the upcoming future. It
also showcases what procedures and strategies; companies are currently
implementing in the market. It further examines the ways and components
convincing market expansion, growth patterns, restricting factors, and market
strategies.
Competitive
Landscape:
Agreement Between Zinc Oxide LLC and Zochem to Spur Business
Opportunities
Zinc
Oxide LLC, a supplier and manufacturer of inorganic compounds announced that it
acquired a subsidiary of American Zinc Recycling LLC, Zochem. The agreement
between the company will involve a transaction of all Zochem’s
manufacturing operations and product lines. Zochem’s extensive domestic and
global distribution network will remain the same. The acquisition of Zinc Oxide LLC will aid the
expansion of the zinc oxide market during the forecast period owing to the
manufacturing and production of zinc oxide with the French
Process method, as it is considered the best method for high-quality zinc
oxide.
Moreover, Ed
Smith, the Senior Vice President of Sales and Marketing, said in a statement,
“The acquisition of Zochem demonstrates our commitment to being the leading
zinc oxide supplier in North America. This move will benefit customers by
ensuring a stable source for any grade of the highest-quality zinc oxide.
In addition, many customers will benefit from reduced shipping costs and
transit times, as approximately 80% of the North American zinc oxide market is
within a 500-mile radius of our two plants.”
Regional Insights:
Stellar Demand for Rubber to Augment Growth in Asia Pacific
Asia Pacific
is likely to witness high demand in the forthcoming years. The growth in the
region is attributed to the growing demand for zinc oxide in rubber
applications. Moreover, the surge in the automotive industry will also
contribute positively to the growth of the market owing to the use of rubber in
the automotive industry for the manufacturing of tires, automotive ant
vibration, transmission systems, molded parts, spare parts, body sealing
systems, and adhesives. The market in North America generated a revenue of USD
0.55 billion in 2018 and is expected to witness steady growth in the
forthcoming years due to the declining rubber production in the region.
The Report lists the Main Companies in the Zinc Oxide Market
·
Spirochem Lifesciences Private
Limited
·
Rubamin
·
Zochem
·
Lanxess
·
EverZinc
·
Zinc Oxide LLC
https://www.fortunebusinessinsights.com/zinc-oxide-market-102480
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